Medco estimates reserves for Madura, Simenggaris Blocks

Australian listed publicly firm CityView Corporation Limited said on Wednesday its joint partner PT Medco Energi International Tbk had estimated oil gas reserves for it exploration in Madura and Simenggaris joint operating body(JOB) Blocks.

CityView said the estimated?reserves for the wells in the Blocks are as follows:

No. Prospect Oil (MMBO) Gas (BCF) 1. Tembuku (Madura) 75 1125 2. Telaga (Madura) 37 163 3. Bangku Besar A1 (Simenggaris) 27 127 4. Sesayap B (Simenggaris) 29 108

The Madura Block is located in East Java while Simenggaris Block is in East Kalimantan. The Blocks is operated by Medco.

CityView is free carried by Medco throughout the current work programs and has a 25 percent gross interest in both Blocks. (robert)